David Tepper portfolio & holdings
Appaloosa LP
Historical clone performance and limitations
David Tepper (Appaloosa LP) discloses a $7.47B portfolio across 25 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is AMZN at 15.9% of the book.
A material reported change · Q2 2026
David Tepper reduced reported MU shares by 41.4%.
Holdings as of Jun 30, 2026 · filed Aug 14, 2026. Position at period end: 15.1% of the reported portfolio. The filing does not reveal the trade date, price, or reason.
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Holdings (25) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | AMZN | 15.9% | $1.19B | |||
| 2 | MU | 15.1% | $1.13B | |||
| 3 | TSM | 10.5% | $788M | |||
| 4 | GOOG | 8.7% | $654M | |||
| 5 | UBER | 7.4% | $555M | |||
| 6 | EWY | 6.6% | $490M | |||
| 7 | META | 5.1% | $380M | |||
| 8 | VST | 4.7% | $351M | |||
| 9 | NVDA | 4.1% | $305M | |||
| 10 | NRG | 3.4% | $257M | |||
| 11 | BABA | 2.6% | $192M | |||
| 12 | BA | 2.3% | $173M | |||
| 13 | LRCX | 2.2% | $166M | |||
| 14 | BIDU | 2.0% | $148M | |||
| 15 | AAL | 1.8% | $136M | |||
| 16 | AMD | 1.5% | $115M | |||
| 17 | CRWV | 1.4% | $107M | |||
| 18 | ASML | 1.3% | $99M | |||
| 19 | AVGO | 0.8% | $57M | |||
| 20 | QCOM | 0.6% | $46M | |||
| 21 | SPCX | 0.5% | $38M | |||
| 22 | ET | 0.4% | $30M | |||
| 23 | MPLX | 0.4% | $28M | |||
| 24 | WHR | 0.4% | $28M | |||
| 25 | GT | 0.1% | $10M |
- 1AMZNport15.9%val$1.19BAmazon.com Incthis Q hold·30q
- 2MUport15.1%val$1.13BMicron Technology Incthis Q -41%·36q
- 3TSMport10.5%val$788MTaiwan Semiconductor-sp Adrthis Q +24%·13q
- 4GOOGport8.7%val$654MAlphabet Inc-cl Cthis Q hold·40q
- 5UBERport7.4%val$555MUber Technologies Incthis Q +22%·21q
- 6EWYport6.6%val$490MIshares Msci South Korea Etfthis Q hold·8q
- 7METAport5.1%val$380MMeta Platforms Inc-class Athis Q +55%·40q
- 8VSTport4.7%val$351MVistra Corpthis Q hold·18q
- 9NVDAport4.1%val$305MNvidia Corpthis Q hold·15q
- 10NRGport3.4%val$257MNrg Energy Incthis Q hold·15q
- 11BABAport2.6%val$192MAlibaba Group Holding-sp Adrthis Q -42%·33q
- 12BAport2.3%val$173MBoeing Co/thethis Q New·4q
- 13LRCXport2.2%val$166MLam Research Corpthis Q hold·7q
- 14BIDUport2.0%val$148MBaidu Inc - Spon Adrthis Q +87%·14q
- 15AALport1.8%val$136MAmerican Airlines Group Incthis Q New·4q
- 16AMDport1.5%val$115MAdvanced Micro Devicesthis Q hold·11q
- 17CRWVport1.4%val$107MCoreweave Inc-cl Athis Q New·—1q
- 18ASMLport1.3%val$99MAsml Hldg NVthis Q hold·13q
- 19AVGOport0.8%val$57MBroadcom Incthis Q New·7q
- 20QCOMport0.6%val$46MQualcomm Incthis Q -50%·21q
- 21SPCXport0.5%val$38MSpace Exploration Techn-cl Athis Q New·—1q
- 22ETport0.4%val$30MEnergy Transfer LPthis Q hold·37q
- 23MPLXport0.4%val$28MMplx LPthis Q hold·23q
- 24WHRport0.4%val$28MWhirlpool Corpthis Q -63%·11q
- 25GTport0.1%val$10MGoodyear Tire & Rubber COthis Q New·16q
2026Q2 moves, by size (26)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| MU | Micron Technology Inc | TRIM | 15.1% | -41% | $1.13B |
| TSM | Taiwan Semiconductor-sp Adr | ADD | 10.5% | +24% | $788M |
| UBER | Uber Technologies Inc | ADD | 7.4% | +22% | $555M |
| BABA | Alibaba Group Holding-sp Adr | TRIM | 2.6% | -42% | $192M |
| META | Meta Platforms Inc-class A | ADD | 5.1% | +55% | $380M |
| SNDK | Sandisk Corp | EXIT | 3.0% | -100% | $0 |
| GLW | Corning Inc | EXIT | 2.6% | -100% | $0 |
| BA | Boeing Co/the | NEW | 2.3% | +100% | $173M |
| BIDU | Baidu Inc - Spon Adr | ADD | 2.0% | +87% | $148M |
| AAL | American Airlines Group Inc | NEW | 1.8% | +100% | $136M |
| WHR | Whirlpool Corp | TRIM | 0.4% | -63% | $28M |
| PDD | Pdd Holdings Inc | EXIT | 1.6% | -100% | $0 |
| CRWV | Coreweave Inc-cl A | NEW | 1.4% | +100% | $107M |
| LHX | L3harris Technologies Inc | EXIT | 1.2% | -100% | $0 |
| RTX | Rtx Corp | EXIT | 1.1% | -100% | $0 |
| QCOM | Qualcomm Inc | TRIM | 0.6% | -50% | $46M |
| BALL | Ball Corp | EXIT | 0.8% | -100% | $0 |
| AVGO | Broadcom Inc | NEW | 0.8% | +100% | $57M |
| JD | Jd.com Inc-adr | EXIT | 0.7% | -100% | $0 |
| LYFT | Lyft Inc-a | EXIT | 0.6% | -100% | $0 |
| MSFT | Microsoft Corp | EXIT | 0.6% | -100% | $0 |
| KWEB | Kranesh Csi China Internet | EXIT | 0.5% | -100% | $0 |
| SPCX | Space Exploration Techn-cl A | NEW | 0.5% | +100% | $38M |
| UNH | Unitedhealth Group Inc | EXIT | 0.4% | -100% | $0 |
| GT | Goodyear Tire & Rubber CO | NEW | 0.1% | +100% | $10M |
| DB | Deutsche BK AG | EXIT | 0.1% | -100% | $0 |
- TRIMMU15.1%Micron Technology IncΔ -41%·$1.13B
- ADDTSM10.5%Taiwan Semiconductor-sp AdrΔ +24%·$788M
- ADDUBER7.4%Uber Technologies IncΔ +22%·$555M
- TRIMBABA2.6%Alibaba Group Holding-sp AdrΔ -42%·$192M
- ADDMETA5.1%Meta Platforms Inc-class AΔ +55%·$380M
- EXITSNDK3.0%Sandisk CorpΔ -100%·$0
- EXITGLW2.6%Corning IncΔ -100%·$0
- NEWBA2.3%Boeing Co/theΔ +100%·$173M
- ADDBIDU2.0%Baidu Inc - Spon AdrΔ +87%·$148M
- NEWAAL1.8%American Airlines Group IncΔ +100%·$136M
- TRIMWHR0.4%Whirlpool CorpΔ -63%·$28M
- EXITPDD1.6%Pdd Holdings IncΔ -100%·$0
- NEWCRWV1.4%Coreweave Inc-cl AΔ +100%·$107M
- EXITLHX1.2%L3harris Technologies IncΔ -100%·$0
- EXITRTX1.1%Rtx CorpΔ -100%·$0
- TRIMQCOM0.6%Qualcomm IncΔ -50%·$46M
- EXITBALL0.8%Ball CorpΔ -100%·$0
- NEWAVGO0.8%Broadcom IncΔ +100%·$57M
- EXITJD0.7%Jd.com Inc-adrΔ -100%·$0
- EXITLYFT0.6%Lyft Inc-aΔ -100%·$0
- EXITMSFT0.6%Microsoft CorpΔ -100%·$0
- EXITKWEB0.5%Kranesh Csi China InternetΔ -100%·$0
- NEWSPCX0.5%Space Exploration Techn-cl AΔ +100%·$38M
- EXITUNH0.4%Unitedhealth Group IncΔ -100%·$0
- NEWGT0.1%Goodyear Tire & Rubber COΔ +100%·$10M
- EXITDB0.1%Deutsche BK AGΔ -100%·$0
About David Tepper
David Tepper founded Appaloosa Management in 1993 after leaving Goldman Sachs, where he ran the high-yield desk, and built his reputation on distressed-debt trades that required conviction at moments of maximum institutional panic — most notably large positions in the bank debt and equity of Ford and Marconi during the early-2000s distress cycle, and a celebrated long in U.S. bank preferred stocks in early 2009 that proved enormously profitable as the government signaled it would not let the major banks fail. Appaloosa's 13F reflects a concentrated, roughly 30-position equity book — top-five names currently account for nearly half the disclosed long equity portfolio — but the fund operates as a global macro-influenced hedge fund, meaning credit positions, non-U.S. equity, and short exposure sit entirely outside what the filing captures. The latticework clone has outpaced SPY by roughly 2.3% annualized over the past decade, a reasonable signal that the long-equity sleeve carries genuine alpha, though readers should weight the filing accordingly: what's disclosed is a partial view of a substantially more complex book.
2026Q2 brief
David Tepper's $7.5B Appaloosa book remains a global macro portfolio at heart, and this quarter's moves reinforce a decisive tilt toward AI infrastructure and Asia tech over legacy tech and defense. TSM was added (+24.3% to 10.5%) and META built up meaningfully (+54.6% to 5.1%), while MU — still the second-largest position at 15.1% — was trimmed 41.4%, suggesting Tepper is rotating within the semiconductor complex toward foundry and platforms over memory. New positions include BA (2.3%) and AAL (1.8%), a classic Tepper distressed-recovery pair, and CRWV (1.4%, CoreWeave) — an AI infrastructure bet that aligns with his public commentary on data center demand. The wholesale exit of SNDK, GLW, PDD, LHX, and RTX clears legacy industrials and Chinese e-commerce exposure, while BIDU was nearly doubled (+87.1% to 2.0%), keeping selective China conviction intact. EWY (Korean ETF, 6.6%) remains a macro proxy for the same semiconductor theme. Watch whether MU is further reduced or CRWV is scaled up next quarter as AI capex trends clarify.
AI-generated. Not investment advice.
Filing history
David Tepper's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 27 | $7.73B |
| Q1 2026 — what changed → | 31 | $5.93B |
| Q4 2025 — what changed → | 39 | $6.93B |
| Q3 2025 — what changed → | 45 | $7.38B |
| Q2 2025 — what changed → | 38 | $6.45B |
| Q1 2025 — what changed → | 38 | $8.38B |
| Q4 2024 holdings | 37 | $6.46B |
| Q3 2024 holdings | 38 | $6.73B |
| Q2 2024 holdings | 37 | $6.18B |
| Q1 2024 holdings | 39 | $6.75B |
| Q4 2023 holdings | 40 | $5.79B |
| Q3 2023 holdings | 32 | $5.07B |
Values as disclosed at each quarter end. Older filings on EDGAR.
Manager evidence
44 material decisions, preserved in sequence.
See what David Tepper bought, added, trimmed, or exited across eight quarters—plus disclosure lag, SEC sources, and observed outcomes versus SPY. No guru grade.
Open David Tepper's decision evidence →Frequently asked questions
- What stocks does David Tepper own?
- As of 2026Q2, David Tepper's 13F discloses 25 positions worth $7.47B. The top five holdings: AMZN (15.9%), MU (15.1%), TSM (10.5%), GOOG (8.7%), UBER (7.4%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did David Tepper buy this quarter?
- In 2026Q2, the filing shows 6 new positions and 4 additions to existing holdings. The largest positions touched by buying: TSM, UBER, META, BA, BIDU.
- How big is David Tepper's portfolio?
- $7.47B across 25 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 58% of the disclosed book.
Similar portfolios
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001656456). Not investment advice.